Axel Polymers Li posts Q2 net loss of Rs 0.30 cr
14/11/2019 11:20
The company reported standalone net loss during the quarter stood at Rs 0.30 crore compared to net profit of Rs 0.21 crore in the previous year quarter.ΓΏ

Net revenue of the company declined moderately by 14.54 per cent at Rs 5.29 crore in July-September quarter of this fiscal as against Rs 6.19 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 8.58 per cent to Rs 5.22 crore from Rs 5.71 crore in year ago period.

Operating Profit slipped by 85.42 per cent to Rs 0.07 crore as against Rs 0.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 83.25 per cent in September quarter.

Interest grew by 40.00 per cent y-o-y to Rs 0.28 crore